A Case Study of 8 Successful Traders from Our Trading Desk
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- Опубликовано: 18 июн 2024
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Mike Bellafiore, Co-Founder of SMB Capital, shares how top traders on the prop have been successful. Studying and learning successful traders can help you find the setups and process that you may be missing. We hope this helps.
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www.smbtraining.com is a Proprietary Trading firm located in NYC that specializes in trading equities. Our training programs were designed to help you develop the trading skills to become a consistently profitable trader. Written, video and classroom lectures are offered through SMB U, our education company. SMB offers training and trading products for new and semi-experienced traders.
Learn more about SMB by checking us out at www.smbtraining.com.
SMB Blog www.smbtraining.com/blog
Facebook / smbcap
Twitter: / smbcapital
These videos are the closest thing I’ll ever get to a professional mentor . Thanks Mike !!
I'm literally watching this video one by one and I had never found so valuable information for free in trading. SMB Capital and Mike Bellafiore are food for thoughts
This should be one the most valuable trading conversations ever, you're are awesome! Deserve even more than what's already achieved ! God bless you all for sharing with the retail space
Great advice! I was breaking even for years and never quit trying different trade types and now I am making money consistently. I will now increase my sizing steadily to see what happens.
"to see what happens" xD
Who gave this video the thumbs down ? So much valuable information. Thanks SMB for the lengths you go to in order to help out developing traders such as myself. The videos and free webinar you put out have changed my game completely !
I love going through all of your videos and learning something new everyday, thank you Mike for everything you’ve provided and I will keep learning everyday to be better than yesterday.
You guys are absolutely amazing I have been in this for about 40 days and in the last two weeks since I found your Channel my mind or sorry my whole level of conscious awareness about options has shifted twice in a good way and while sitting here trading while listening to your videos I get upset about a stock that I know is going to plummet and there's just no puts available and just like second nature I created a strategy to benefit from the drop of price anyway and I was so excited that even if I was to lose thev trade that ust the ability to come up with a strategy like that and i remind you this is something that I did not have the ability to do or understand before i listen to your videos just that ability to do so is absolutely amazing to me thank you so much for for teaching in the way you do and for being real not minding that people may be deterred so that us that need that to become better Traders and become Traders. Is an awesome thing because a lot of channels will not say anything like that to lose a a viewer they don't mind you being a horrible Trader in fact I'm pretty sure that happened them really don't know how to trade themselves and I can honestly say that after 40 days
such a cool and calm voice, you couldve been an audio book teller in another life.
A very insightful webinar into various ways of thinking about how to trade. Although the webinar doesn't reveal any proprietary information, it is peppered with tons of knowledge. Thank you for sharing it.
The culture of "growth" at SMB on display in this case study is just amazing. No one should be shocked to see SMB thriving decades in the future.
that's the goal!
This video is pure gold, thanks. The best free stuff out here.
So many great takeaways from this video. Thank you!
Amazing video ! I’ve learned so much from smb ! Thank you !!!
Thanks a lot for this video. There is a lot to learn from you as a professional trader and real life examples. All the best.
its 4am and I am here taking notes, intrigued and excited about how I can incorporate this awesome content into my trading :) Thank you Mike!! and Giday from Australia!
Amazing information provided in this video. Thank u sir for you time and effort to make this video.
Thank you, lots of great info
great content. this has resonated with me as I try to re focus on the foundation that i learned with SMB. i feel for me what is important is being my best at routine and process= profitable trader. thx for sharing with the community Mike
In a word Excellent! Thank you!
Thank you Mike. I've been looking all over for a good place to learn on RUclips and the SMB channel is the best I've found. Your videos are especially helpful, your cadence, delivery and informative videos are making this process super easy. Thank you for your work!
Michael Bernard you are welcome
How has your trading been since over a year of SMB?
I love this video because so many pieces resonates with me. Especially the piece around growth mindset. It is key to developing the art of trading. Prior to me trading for living, I worked at an insurance company, hated my job, the company went public, and I eventually left the company (sound familiar? 😄). My trading niche is SPX weekly options specifically finding recurring price action fractal ratio formations supplemented by Fibonacci arches to identify support, resistance, and closing targets. It’s not something I learned from anywhere, it is something I evolved into through years of trading and learning from the trades. I started off like many others using common indicators but slowly transformed to my niche I trade with now. It’s unique, it’s consistent, and it works for me. And all of this is only possible because a long time ago, I learned my mindset had to change to a growth mindset. Not only have I read the book Mindset, but I’ve personally worked with Carol Dweck on developing growth mindset. It’s one of the most important behavioral change a person can make.
Brilliant insights in this one, thanks for sharing Mike & SMB. This is a gem. You guys are rock stars
you are welcome
one of the best videos from SMB
This video is essential! Thank you so much.
great advice, like you do things and respect being different
Thank you. Great low key, personable delivery. I am a more mature midlife transitioning trader. I’ll be following you.
Thank you for all the great information. You pull thing together.
Thank you so much for these videos! Amazing
one good trade at a time!! focus on the process and not the results!!
yes!
225 is very respectable. I can't even do that anymore. I used to do 315 for reps, but when the injuries start, they just keep coming. I hope he made his goal back when it was time.
Talent is sooo important, and I'm certain it has more to do with a trader's ability to _rely on intuition_ regardless of the education, instructor, strategy, trend, overall direction, etc. Of course, this all assumes sufficient learning on the trader's part has taken place beforehand.
Absolute gold - can't believe your giving away this sort of information for free! Thank you so much
I really love the simplicity of your clips.
thank you
another great vid thanks SMB
Mike- great video - Seth's early on situation is also mine to a 'T', I left the corporate world & have been trading myself since 2019 - I communicate with a group of other traders every day, however it's still trading "alone" especially at the start. I would hope all of your guys realize and appreciate how lucky they are for the opportunity to be part of a team like yours
our latest video will be on this topic, having a team to communicate with. Definitely vital to ones success
Great lesson. Thank you.
Without the order book, level 2, T&S, SMB would not be the great company they are, but you have to work on yourself more than your edge. Your emotional hunter gather survival mechanism will work against you in trading, you have to become a robot that does not think, but reacts to your edge as the market provides the opportunitys that come and go.
1:09:00 This is such an encouraging statement, and is SO true. Thank you!
great video, very informative. Onto the next one.
Thank you Bella
Mike thanks for this. This is the most transparent trading video I have ever watched.
Thank you for this.
Thanks for the video Bella, are your traders paid on commission of their profits? How is it structured?
01:08:20 lmao this should be a series man i would love you to make a drama/comedy about the daily grind, equity curves, dialing up risk, revising quant strats etc. (Billions was based more on politics and less on actual trading) anyway this is a steady stream of extremely valuable information and i am very thankful
I am glad I got this video
Another great 👍🏽 vid!
Igc nice pump and dump pot play. Played it the second day saw a 100 k block trade way below the price action.
What size window do your traders like to have for the level 2 tape? Assuming you get used to looking at a certain amount of trades coming thru to help you make you move as well...
Congrats bro!! let's get it👍💯
This would be my dream job. Learning at SMB would be amazing and invaluable..
Pure motivation
This is great 🙂!!!how can I be hire ?let me know if got do some test.
hey Mike what kind of percentage gains are these traders having?
JUST GREAT!!
The love of the game
the best part was the direction and encouragement
Hi Mike I would really like to buy a hard copy of your book The Playbook. Please let me know where I can get a copy?
Can I ask what instrument your most successful traders trade?. Is it the futures market or stocks? Do you have any successful futures traders?
I basically use an hybrid approach to obtaining the desired outcome that's a mixture of what is heavily used in computer science "called divide and conquer", the other part of the approach I use in order to accomplish goals it the same the a sport coach would use, I have microcycles, mesocycles, macrocycles and the combination of 4 macrocycles is what composes the yearly objective, microcycle is one week long, mesocycle is one month long, macrocycle 3 month long. I invented it myself, it's a mixed approach of what is commonly used in sports science and computer science towards solving a problem or obtaining a desired outcome ( it takes into account sport psychology as well ) backed by reasonably simple math, statistics and data science. To work it assumes to fundamentals through, a growth mindset and a reasonably strong will power. I like to think of it as a generalized blueprint that's applicable to solving an incredibly variety of problems, whether the problem is acquiring a new skills, improve upon an existing one or fix anything that doesn't work as well as it should.
Volume also dried up a whole lot within the consolidation and after a large flush always watch for another on day 2 or 3.
how do you get a seat to sit on the desk? what requirements are needed?
Inspiring, yes!!!
good stuff
The realest ever, damn I’ve found the needle in the haystack!!!
awesome!
I can't get past this excitement
I really slept over this daily report card stuff ... And seriously am starting today ... But One request : please can you make a video on how to trade will with volume indicator ...I somehow understand OBV indicator but that particular volume indicator in you most of the chart you trade with, seems to give me issues . Please ... !!!!!!
yes the Daily Report Card is an excellent tool to propel better trading performance
This was first posted some time ago, however, should anyone review this comment section is it possible to more clearly define what you call automate trades and leveraging technology? All my trading to date has been strictly manual entry. Thanks, another great video
Jim
Good video
for the first time ever I guess Im thinking damn I would like to work on this firm
It's a great place to work!
what are the Setting for Vwap?
it's funny that the not only does the technical/fundamentals matter the Hotkeys Matter, even more, I am doing pointer finger and ring finger exercise at home to become the best of all time. LOL Curious to know how much execution has to do with this.
Im curious to know how fierce the competition is for people interested in trading with SMB. Im canadian but i'd even consider moving to New York to persue my dream of a trading career
you should go for it man... i just moved all the way from Brazil two months ago because I want to trade for them. Closed two companies I had (food industry and nightclub) and right now, I'm in New York saving money to pay for the futures tryout.. Meanwhile I'm focusing on being consistent on demo.. I already have the feeling that it was the best decision I made.
@@luizfields Any updates? Hopefully you killed it!
How do you handle bathroom breaks? Exit a position before going? I can see missing a big move because you ate bad sushi the night before.
you take your laptop to the bathroom 😂
Lol what are you trading the 1 minute chart?
Hello,did you give courses for french people? Thanks
Not in French
When you say Shark asked for 100k additional risk, does that mean he can draw down 100k or he is requesting an additional 100k in capital to put in play?
I guess I am trying to understand, what 3-4 levels of capital different traders are allocated if you can answer?
In this case it was 100K of additional draw down risk. Sharks book is well in the +20 million so 100K of additional buying power wouldn't do much for him.
@@smbcapital thanks for the reply and the great content guys!!!
Do you only hire Traders that work for you in you're offices in NYC? Or do you also hire Remote Traders from Europe?
We have hire remote traders as well. We have one trader in South Africa right now but he also lived in nyc for some time. We prefer that traders are more local but have no issue looking at hiring traders who are around the world.
@@smbcapital what about aspiring traders who are willing to relocate to NYC (from California to New York)?
Did he say trader view for recording trades?
I want more
how much of the trading profits do they keep while working at a firm?
it varies from trader to trader but often they can take home more than 60%
i start rading 3 years ago and iam terrible,, can i try out to become your trader
How does one get to even walk thru your doors and get a chance to trade with you knowing absolutely nothing, like Swang?
What about the ones who start and make money from.the get go....
Hopefully that Black shirt gives you magical powers!
Swang is a great name for a trader
how can i join
i want to be hired for your bitcoin trading desk...
hopefully one day we will have one, when there's more infrastructure and development for prop traders we will be on it.
You have great content, but you keep talking about 7-figure trader. What I would like to know is the % gains made on this size. Could you elaborate?
Absolutely agree are they making 20/30/40% a year and have very large accounts ?come on SMB let us know
We can't release specific results on traders but can say that most of the best traders on the desk are trading books in the millions and on good days can pull out 100k+ but a lot aren't utilizing full buying power unless they are extremely confident in certain plays. Hope that gives you an idea
SMB Capital many thanks that is appreciated - controlling emotions is the hardest thing to learn and not over trading size and risk.Be great if you could do a video on that
Super helpful
Only an elite trader will reflect on the need for improvement even after a win.
It is the state of a man ascending to master. After all, the eternal student is paradoxically the master all the same.
To cease the pursuit of mastery is to cease masterhood all the same.
🤑
heard, wassapenin
😎😎😎😎😎
Sorry did he make $15.million in one day?
yes
I really hope the guys name isn't Shark and you guys just thought his real name was too lame and thought "We'll call him shark! Yeah! thats it! Shark!"
HHas anyone ever actually gone through this course IN PERSON? I have found some pretty darn negative reviews when researching but the material seems legit. Also B the trader (youtube channel) who i trust has done an interview with SMB. I know theres always going to be that pissed off guy who comes back and writes negative rreviews but when it comes to trading channels/firms/Gurus....There seems to be a lot of scammers. Or just down right thieves.
Cant spell Swang without swag.
I made 11k in 10 days on a $5,000 account but then lost it all
use stoploss
It's not use stop loss. It's control your emotions and always hAve a plan before I enter
^ that, and have a stop loss!
Very typical story. It can be easy to make money especially when the markets going your way. The challenge is the consistency.
You're not alone man, I lost 10k at the worst part of the parts of this last crypto wave using 10x leverage full bag like an idiot.
They kicked you guys off there platform cause they were probably losing money lol